How has coming of "ola"and "uber"cabs affected the demand curve of regular taxis in the market?
Answers
Answered by
0
Answer:
According to carmakers that ET spoke with, app-based cab operators accounted for over 100,000 cars, or almost one-third of total sales to fleet operators last year, up from around 70,000, or about one-fourth of total taxi sales in 2015. This year, sales to cab aggregators are expected to increase by at least 25 per cent while overall passenger vehicle sales are expected to grow in single digits, they said.
Similar questions